GE Upgrade Question

GE Upgrade Question

How long does it take for GE to close your gap store and merge with Gap Visa? I have had the VISA for a week and the statement just cut on both cards. So now I have to pay the store card and the VISA card. Both accounts are still open with and active credit line.

Re: GE Upgrade Question

texasman07 wrote:

How long does it take for GE to close your gap store and merge with Gap Visa? I have had the VISA for a week and the statement just cut on both cards. So now I have to pay the store card and the VISA card. Both accounts are still open with and active credit line.

I don't have this card, but if they don't close it don't worry. With the two accounts it will make your score better over time. If they do combine it that will retain the AAoA, hopefully if they report it properly, and that will help your score stay what it is. The Visa card has a bigger impact on your score than a department store card. The two accounts separate will lower your utilization which is also good.

It is by will alone I set my mind in motion.....Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.Always accept candy from strangers because they have the best candy or from people you know have good candy.

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.